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PMAY-G Targets Allocation: Over 8.21 Lakh Houses for Madhya Pradesh in 2025

Written by: Team Angel OneUpdated on: Jan 15, 2025, 2:02 PM IST
Union Minister Shivraj Singh Chauhan announces the allocation of 8.21 lakh houses under PMAY-G in Madhya Pradesh, aiming for "Housing for All."
PMAY-G Targets Allocation: Over 8.21 Lakh Houses for Madhya Pradesh in 2025
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The Pradhan Mantri Awaas Yojana – Gramin (PMAY-G) has been a cornerstone of rural development since its inception in April 2016. With a mission to achieve “Housing for All,” the scheme is set to construct 4.95 crore houses by March 2029. Madhya Pradesh has emerged as a significant beneficiary under this programme, with the state making remarkable strides in rural housing.

Key Developments and Targets

Additional Targets Approved

The Union Cabinet has greenlit 2 crore additional houses under PMAY-G’s new phase, spanning FY 2024-25 to FY 2028-29, with a financial outlay of ₹3,06,137 crore. This significant approval reinforces the government’s commitment to providing secure housing for rural families.

Achievements Under PMAY-G

  • Nationwide Progress: Of the 3.33 crore houses targeted, 3.23 crore have been sanctioned, and 2.69 crore have been completed.
  • Funds Disbursed: ₹2.37 lakh crore has been allocated to beneficiaries since the scheme’s launch.

Madhya Pradesh Performance

  • Targets and Completion: Out of the 41.68 lakh targeted houses, 36.80 lakh have been completed, achieving an impressive 88% completion rate.
  • Beneficiary Allocation: On January 15, 2025, 8.21 lakh houses will be allocated to the remaining beneficiaries, with plans to complete them within a strict time frame.

Technological Advancements

The scheme’s effectiveness has been enhanced through innovative solutions:

  • The Awaas+ 2024 mobile app, launched on 17th September 2024, uses AI-based facial recognition for accurate beneficiary identification.
  • Over 2.5 lakh surveyors have been trained to ensure efficient implementation.

Convergence with Other Schemes

PMAY-G beneficiaries in Madhya Pradesh have also benefited from integration with schemes like MGNREGA, SBM-G, Jal Jeevan Mission, and others:

  • 36.37 lakh toilets have been constructed under SBM-G.
  • 35 lakh houses have been electrified under the PM-Surya Ghar Yojana.

Empowering Women Through Housing

In a bid to promote gender equality, 74% of PMAY-G houses are under women’s sole or joint ownership, fostering dignity and empowerment across rural India.

Financial Support for Madhya Pradesh

FY 2024-25 Allocation

  • Central Assistance Released: ₹3,726 crore, with additional funds of ₹4,934 crore contingent on timely utilisation.
  • Total Estimated Cost: ₹18,036 crore, shared between the central (₹11,754 crore) and state (₹6,282 crore) governments.

Projected Allocation for FY 2025-26

  • Remaining Target: 8.21 lakh houses with an estimated cost of ₹12,636 crore.
  • Total Cost for 2-Year: ₹30,672 crore, with ₹20,054 crore as the central share.

A Commitment to Housing for All

The government’s robust commitment is evident in the ₹32,537.85 crore central assistance disbursed to Madhya Pradesh since 2016. The PMAY-G scheme goes beyond housing by fostering rural dignity and enabling a brighter future for millions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 15, 2025, 2:02 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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